FHA loans are home loans backed by the Federal Housing Administration (FHA), a government agency created to help home buyers qualify for a mortgage. FHA provides mortgage insurance on loans made by FHA-approved lenders, protecting them from the risk of borrower default.
While conventional loans are cheaper than FHA in the long run, FHA is cheaper up-front because they require a low down payment. FHA Loan Benefits Low downpayment requirement of 3.5%
The acronym FHA typically stands for "Fair Housing Act." Find out about seller concession versus closing costs in FHA and VA with the help of a real estate professional in this free video clip. Hi.
fha loans illinois fha vs conventional loan Conventional Loans vs FHA Loans – Lender411.com – Conventional Versus FHA Loans By Steven Roberts Updated on 7/19/2017. This page describes two of the most popular loan types: conventional mortgage loans and FHA mortgage loans.To determine which loan best suits your circumstances, take some time to consider the pros and cons of each.